final finance 330 6
February 19th, 2023
Question 6Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 18-year to maturity, carry a 11.60 percent annual coupon, and have a $1,000 par value. Blue Crab, Inc. has determined that these bonds would se for $1,312 each. What is the yield to maturity for these bonds? Round answer to two decimal places in percentage form.You excel or financial calculator